114 Lexington Avenue
114 Lexington Avenue
Asheville, NC 28801
$2,900,000
- Lot Size: 0.06 Acres
Description
This historic & well-maintained building offers unparalleled exposure amidst the vibrant cityscape of Downtown Asheville. Well-positioned at the signalized intersection off I-240, this property offers interstate frontage from 2 major city streets. 7,042 SF with 3 floors of usable space, providing immediate potential for value-add income through multi-tenant occupancy. Lower level includes a retail area and a commercial kitchen with platform passenger lift and dumbwaiter accessing upper floors. Second level includes a restaurant with plenty of seating and entrances from two major streets. Upper level has a bar area with stunning views of both the mountains and the cityscape. There is dual stairwell access & possibility of division into two separate spaces. Strategically located on a destination street flanked by a diverse array of over 200 small businesses. Recent upgrades include a new roof in 2021 and new windows in 2023. Restaurant FF&E not included in sale but is negotiable.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | Retail |
| Year Built : | 1926 | Construction Type : | Site Built |
| Lot Size : | 0.06 Acres |
Property Features
- Paved
- Views
- Other - See Remarks
Views
- City
- Mountain(s)
- Winter
- Year Round
More Information
- Construction : Brick Full
- Roof : Flat
- Parking : On Street, Parking Lot, Parking Space(s), Parking Space(s) (Off Site)
- Heating : Central, Zoned
- Cooling : Central Air, Zoned
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
- Possible Use : Commercial
Based on information submitted to the MLS GRID as of 02-22-2025 07:22:03 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.